Malibu Boats Inc Class A

MBUU: XNAS (USA)
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Malibu Earnings: Weak Tow Boat Demand Weighs on Sales and Profits, Likely to Remain a Headwind

On a legacy basis, net sales at Malibu rose 3.6% to $202 million, aided by higher unit shipments at Cobalt (up 14%) and saltwater fishing (8%) segments, while Malibu struggled (down 6%). Including Saxdor, sales rose 30%, but adjusted EBITDA climbed just 22% as investments weighed on profit.

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